Common use of Section 1110 of Bankruptcy Code Clause in Contracts

Section 1110 of Bankruptcy Code. It is the intention of each of Lessee and Lessor that Lessor (and the Indenture Trustee as secured party and as assignee of Lessor under the Trust Indenture) shall be entitled to the benefits of Section 1110 of the Bankruptcy Code with respect to the right to take possession of the Aircraft, Airframe, Engines and Parts as provided in this Lease.

Appears in 5 contracts

Samples: Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc)

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Section 1110 of Bankruptcy Code. It is the intention of each of Lessee and Lessor that Lessor (and the Indenture Trustee as secured party and as assignee of Lessor under the Trust Indenture) shall be entitled to the benefits of Section 1110 of the Bankruptcy Code with respect to the right to take possession of the Aircraft, Airframe, Engines and Parts Parts, and to enforce any other of its rights and remedies as provided in this Lease.

Appears in 4 contracts

Samples: Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc)

Section 1110 of Bankruptcy Code. It is the intention of each of Lessee and Lessor that Lessor (and the Indenture Trustee as secured party and Mortgagee as assignee of Lessor under the Trust Indenture) shall be entitled to the benefits of Section 1110 of the Bankruptcy Code with respect to the right to take possession of the Aircraft, Airframe, Engines and Parts as provided in this Lease.

Appears in 3 contracts

Samples: Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Continental Airlines Inc /De/)

Section 1110 of Bankruptcy Code. It is the intention of each of Lessee and Lessor that Lessor (and the Indenture Trustee as secured party and as assignee of Lessor under the Trust Indenture) shall be entitled to the benefits of Section 1110 of the Bankruptcy Code with respect to the right to take possession of the Aircraft, Airframe, Engines and Parts Parts, and to enforce any other of its rights and remedies as provided in this Lease.

Appears in 2 contracts

Samples: Lease Agreement (Atlas Air Worldwide Holdings Inc), Lease Agreement (Atlas Air Worldwide Holdings Inc)

Section 1110 of Bankruptcy Code. It is the intention of each of Lessee and Lessor that Lessor (and the Indenture Security Trustee as secured party and as assignee of Lessor under the Trust IndentureSecurity Agreement) shall be entitled to all of the benefits of Section 1110 of the Bankruptcy Code with respect to including, without limitation, the right to take possession of the Aircraft, Airframe, Engines and Parts as provided in this Lease.

Appears in 1 contract

Samples: Funding Agreement (Republic Airways Holdings Inc)

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Section 1110 of Bankruptcy Code. It is the intention of each of Lessee and Lessor that that, in the event of any subsequent Chapter 11 case involving Lessee as debtor, Lessor (and the Indenture Trustee as secured party and as assignee of Lessor under the Trust Indenture) shall be entitled to the benefits of Section 1110 of the Bankruptcy Code with respect to the right to take possession of the Aircraft, Airframe, Engines and Parts and to enforce any of its other rights or remedies as provided in this Lease.

Appears in 1 contract

Samples: Global Aircraft Transaction Agreement (Republic Airways Holdings Inc)

Section 1110 of Bankruptcy Code. It is the intention of each of Lessee and Lessor that Lessor (and the Indenture Trustee as secured party and as assignee of Lessor under the Trust Indenture) shall be entitled to the benefits of Section 1110 of the Bankruptcy Code with respect to the right to take possession of the Aircraft, Airframe, Engines and Parts as provided in this Lease.

Appears in 1 contract

Samples: Lease Agreement (Us Airways Inc)

Section 1110 of Bankruptcy Code. It is the intention of each of Lessee and Lessor that Lessor (and the Indenture Trustee as secured party and as assignee of Lessor under the Trust Indenture) shall be entitled to the benefits of Section 1110 of the Bankruptcy Code with respect to the right to take possession of the Aircraft, Airframe, Engines and Parts as provided in this Lease.

Appears in 1 contract

Samples: Lease Agreement (Us Airways Inc)

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